Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    Grelot Rd Mobile, AL 36695

    For Sale
    $610,000

    Prime Mobile, AL commercial lot, high traffic area.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    361
    This exceptional 1.97-acre commercial land parcel presents a remarkable investment opportunity in Mobile, Alabama. Strategically located near the intersection of Grelot Road and Hillcrest Road, this property offers 382 feet of frontage along Grelot Road and a private access road running parallel. Benefitting from a high-traffic location, the site enjoys nearly 50,000 vehicles passing daily, and serves a substantial population of 140,000 residents within a 5-mile radius. The B-3 zoning designation allows for a variety of commercial uses, including retail, office, multifamily, and self-storage developments, aligning perfectly with the existing high-income character of the surrounding area. The asking price for this exceptional property is $610,000. This is a rare opportunity to acquire a sizable commercial lot in a thriving Mobile County location with significant development potential. The property is offered for sale by owner.

    Property Features for 0 Grelot Rd

    General Information

    Property type
    Land
    Lot Size
    85,813 SF
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Mobile
    County
    Mobile
    State
    Alabama
    Longitude
    -88.187433172879
    Latitude
    30.661130710139

    Nearby Similar for Sale

    • New
      $214,900
      0.15 Acres

      Historic Cottage with Mixed-Use Zoning

      Historic 3-bedroom cottage in Mobile with mixed-use zoning.
      456 Broad St S, Mobile, AL 36603
      View Details
    • $2,100,000
      1.48 Acres

      Church/Sports Facility Near USA Campus

      Church or sports-related business opportunity near the University of South Alabama.
      06819 Old Shell Rd, Mobile, AL 36608
      View Details
    • $388,600
      0.13 Acres

      Downtown Mobile Mixed-Use Property

      Office or residential property in walkable downtown Mobile, Alabama.
      605 St Francis St, Mobile, AL 36602
      View Details
    • $110,000
      2,101 SF

      Duplex with Detached Living Spaces

      Investment opportunity: duplex featuring a main house and studio apartment.
      1404 Tampa Dr, Mobile, AL 36605
      View Details
    • New
      $204,000
      0.29 Acres

      Income-Generating Triplex in Eight Mile

      Triplex with long-term tenants, immediate cash flow, and investment potential.
      4572 Myers Rd, Mobile, AL 36613
      View Details
    • $549,000
      1.02 Acres

      Remodeled Medical Office on Large Lot

      Move-in ready medical office in a prime commercial location.
      1962 Spring Hill Ave, Mobile, AL 36607
      View Details

    FAQs

    What type of property is this?
    Land - Prime Mobile, AL commercial lot, high traffic area.
    Where is this land located?
    The property is located at Grelot Rd Mobile, AL.
    What is the asking price?
    The asking price for this property is $610,000.
    (251) 544-5484
    Request Owner's contact information
    Grelot Rd Mobile, AL 36695
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Grelot Rd
    Mobile, AL 36695
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Grelot Rd Mobile, AL 36695
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.